Enron investors to share billions
From Times Wire Services
Enron Corp. shareholders and investors will split about $7 billion from financial institutions accused of participating in the fraud that caused the once-mighty energy company to collapse.
The settlement amount was listed at $7.2 billion, a sum that has been accruing interest since 2002 and includes $688 million plus interest in attorneys’ fees.
The deal, approved late Monday by U.S. District Judge Melinda Harmon in Houston, and the attorneys’ fees are the largest in history in a U.S. securities fraud case.
